Bank of America reports strong Q1 results on deposit and loan growth

Bank of America CEO Brian T. Moynihan

Tdam Usa Inc owns 685,086 shares. Investors holded 6.91 billion in 2017Q3 but now own 6.85 billion shares or 0.98% less. Institutional investors own 69.85% of the company's stock. Sold All: 2 Reduced: 3 Increased: 8 New Position: 6.

The investment banking giants should see improved trading revenue, as JPMorgan and Citigroup reported surges in stock trading amid the recent spike in market volatility.

Bank of America said Monday's profit was the highest for any quarter in its history.

The only business to record a fall in revenue was global banking, hurt by lower investment banking fees. The stock decreased 1.29% or $0.76 during the last trading session, reaching $58.07.

Shares of BAC opened at $29.80 on Monday. Asset One Limited holds 1.05% of its capital in Bank of America Corporation (NYSE:BAC) for 16.07 million shs. The Dow is up 181.46 points or 0.7 percent at 24,541.60, the Nasdaq is up 24.71 points or 0.4 percent at 7,131.36 and the S&P 500 is up 14.58 points or 0.6 percent at 2,670.88. Therefore 67% are positive. Bank of America had 17 analyst reports since October 31, 2017 according to SRatingsIntel. The firm has "Buy" rating by Societe Generale given on Wednesday, January 11. The firm earned "Buy" rating on Wednesday, April 4 by Keefe Bruyette & Woods. On Tuesday, December 12 the stock has "Buy" rating by Keefe Bruyette & Woods. Oppenheimer Asset Mgmt holds 0.56% in Bank of America Corporation (NYSE:BAC) or 833,720 shares. The stock has "Hold" rating by Societe Generale on Tuesday, January 9. The company was maintained on Friday, February 2 by Morgan Stanley. Finally, Zacks Investment Research raised Bank of America from a "hold" rating to a "buy" rating and set a $33.00 target price for the company in a research note on Tuesday, January 2nd. The rating was maintained by Deutsche Bank on Tuesday, August 25 with "Buy".

Investors sentiment increased to 1.31 in Q4 2017. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.61%. The ratio is positive due to Bank of America Corporation positioning: 66 sold and 561 reduced. 585 increased holdings while 162 funds bought holdings. Earnest Partners Ltd Liability Co reported 238,673 shares stake. The Connecticut-based Hartford Fincl Incorporated has invested 0.31% in Bank of America Corporation (NYSE:BAC). Palladium Partners Limited Co has invested 0.33% in Bank of America Corporation (NYSE:BAC). Terril Brothers Inc sold 205,975 shares as Bank Amer Corp (BAC)'s stock declined 1.20%. Denver Inv Ltd Liability Corp reported 0.01% of its portfolio in Netflix, Inc. The Ontario - Canada-based Cumberland Prtnrs Limited has invested 2.05% in Bank of America Corporation (NYSE:BAC). Jacobs Levy Equity Inc holds 0.23% in Thor Industries, Inc. Pettyjohn Wood White invested in 126,201 shares.

The stock increased 4.88% or $0.1 during the last trading session, reaching $2.15. About 19.71 million shares traded. Replay information for Investor Conference Call Investors can access replays of the conference call by visiting the Investor Relations website or by calling 1.800.934.4850 (U.S.) or 1.402.220.1178 (international) from noon on April 16, through 11:59 p.m. ET on April 23. It has underperformed by 27.16% the S&P500.

Goldman Capital Management Inc holds 3.44% of its portfolio in Mattersight Corporation for 1.40 million shares. Barrow Hanley Mewhinney & Strauss Lc accumulated 1.97% or 15.41 million shares. Pure Financial Advsr invested in 0.08% or 11,547 shs.

Mattersight Corporation provides behavioral analytics services in the United States. The company has market cap of $1.08 billion. They expect $0.59 earnings per share, up 43.90% or $0.18 from last year's $0.41 per share. After $-0.05 actual EPS reported by Mattersight Corporation for the previous quarter, Wall Street now forecasts 160.00% negative EPS growth.



Other news